The following balance sheet data are given: 2000 1999 Cash $ 45,000 $ 35,000 Fixed assets 330,000

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The following balance sheet data are given:

2000 1999 Cash $ 45,000 $ 35,000 Fixed assets 330,000 270,000 Current liabilities 95,000 45,000 Long-term liabilities 300,000 320,000 Accounts receivable 115,000 95,000 Invested capital 100,000 100,000 Inventories 100,000 80,000 Retained earnings 95,000 15,000

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Financial Accounting Reporting And Analysis

ISBN: 9780324149999

6th Edition

Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice

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